Terms and Conditions

Our Services: Foreign Exchange, Loans, Travel & Tours, Inward Remittance, Domestic Money Transfer, Insurance, Share Trading.   Before registering with XPAY/UAE Exchange India Application, you are required to read and accept the below Terms & Conditions. By continuing with registration for XPAY, it shall be deemed that, YOU HAVE EXPRESSLY AGREED TO BE BOUND BY THE FOLLOWING TERMS & CONDITIONS. These Terms & Conditions form an agreement between you and UAE Exchange & Financial Services Ltd. (UAE Exchange), that governs your access to XPAY login and use of XPAY service to facilitate the purchase of goods/services or utility/essential service from merchants that has tied up with UAE Exchange. You are free to call our toll free no. or visit the nearest branch in case of any doubt or for clarification(if any).
  1. TermsThe following defined terms appear in these Terms & Conditions.

    a) Issuer/We/Company

    Issuer/we/Company mentioned hereunder refers to UAE Exchange that operates payment systems by issuing prepaid payment instruments to individual/organizations, as per the authorization received from the Reserve Bank of India.

    b) Holder/Customer/ You/Buyer

    Individual/organization who has registered with the Company for availing the XPAY service for purchase of goods & services and utility/essential bill settlements, including Domestic Money Transfer Services(DMTS).

    c) Merchant

    A person/retail establishment/ institution, who ties up/ registers via a separate registration process for providing XPAY service and is governed by the terms therein.

    d) XPAY

    XPAY is Pre-paid Payment Instrument of the Company that facilitates purchase of goods and services & other utility bills /essential services, including DMTS, against the value stored in XPAY. The value stored on such instruments represents the value paid for by the customer by cash or bank mode after prescribed deductions.

    e) Product

    Products offered by the Company to customers via Application/Site including XPAY.

    f) Pre-paid Payment Instrument

    XPAY is a virtual card that can be accessed by allotted login ID/User ID & transaction can be done by using secret “e;MPIN”e; password that is issued to the customer by Issuer.

    g) Payment Transaction

    The processing of a payment Service through mobile/internet that result in the debiting or charging of the XPAY balance of the customer and the crediting of Merchant’s account/beneficiery bank account and/or payments made to the Company for Services (Ticketing & Forex Booking services) availed by the customer.

    h) Login/User ID & MPIN

    Login/User ID and Registered Mobile Number is used to access the XPAY & MPIN which is secret digit password. Both are simultaneously issued to the customer by the Issuer immediately after XPAY registration for authenticating transaction at the time of making a payment to the Merchant.

    i) OPT

    OTP is One Time Password generated for validating the customer registered mobile number and for proceeding with the transactions

    j) Merchant Code

    A digit numerical code issued to the Merchant by the Issuer after the formal tie up for facilitating XPAY service to customers, that is prominently displayed at the Merchant counter to be used while making payment.

    k) QR Code

    QR Code is a metrix barcode issued by the Company to customer/merchant to identify the customer and merchant details and the amount of transaction initiated by them.

    l) XPAY Mobile Application/UAE Exchange India Application/Mobile Application/Appication

    A mobile application through which customer/Merchant can carry out the transactions. Mobile Application requires a smart phone with GPRS connectivity for its operations.

    m) XPAY Site

    XPAY Site refers to www.xpayindia.com or XPAY option linked through www.uaeexchangeindia.com

    n) Registered Mobile Number

    Registered Mobile Number is the mobile number used by Customer for Signing up/Logging in which shall form a part of user/Customer identity along with user/Customer name.
  2. Registration Requirements & Process

    2.a. For Customers

    Basic Requirement – By accepting these terms & conditions or by otherwise using the Services of the Site, you represent that you ar at least 18 years of age and have not been previously suspended or removed from the Services. You represent and warrent that you have the right, authority and capacity to enter into this Agreement and to abide by all the terms & conditions of this Agreement. You shall not impersonate any person, entity or falsely state or otherwise misrepresent identity, age or affiliation with any person or entity. Requirements for Registration – Registration is mandatory for availing XPAY Services. Filled in XPAY Application Form shall be submitted at the nearest branch of the Company for XPAY Registration. However, for doing transactions above Rs.10,000/-, Customer must compulsarily submit necessary KYC documents [valid Photo ID Proof & valid Address Proof (mentioned below)] with the Company. Facilities will be shortly provided by the Company to the Customers for Registering via Site/Mobile Application. Sign up/Logging in –Customers shall enter the mobile number and other information (if any) required for validating the registered mobile number. Customer Mobile number will be validated by generating an OTP and will be sent to the Registered Mobile number of the Customer. By submitting the thus received OTP, you shall be directed to the page where you can opt for the sevice you need. Simultaniuously with the registration, a Customer MMID will be generated, which will be visible to you in your application. By clicking the same, you will get the MMID in your registered mobile number as SMS. For transactions requiring MMID, you shall enter this MMID and proceed for initiating transactions through XPAY.
    Accepted Address/ID proofs Accepted Photo ID proofs
    Passport / Voter’s ID Card / Aadhar Card / Driving License /Ration Card which has a photograph of the applicant. PAN Card or PSU/Government Department/Defense ID Cards or Photo Credit Card (not expired & must be primary card holder)

    2.b. For Merchant registration

    All interested shops and service establishments can tie-up with Issuer for XPAY. Merchant will have to register by submitting the required details including its Bank details and requisite ID copy. Facilities will be shortly provided by the Company to the Customers for Registering via Site/Mobile Application. After checking the documents, a login User ID & Merchant Code will be given to Merchant for logging in to the application & for effecting transactions. The Merchant list will be displayed in Merchant List Screen provided in Company’s website. Note – Issuer is very strict on the Customer/Merchant identity proof (as given under Cl.2.a & 2.b) and reserves all right to reject any registration request or reloading request to comply with Anti- Money laundering measures/ Combating Financing of Terrorism guidelines issued by the Reserve Bank of India with regard to Prepaid instruments.

    2.c. Loading/Re-loading

    Customers/Merchants can load/re-load thier XPAY Account via Internet Banking or Credit/Debit Card payment or by remitting in cash mode at any of the Company’s branch across India. Balance in the XPAY Account at any point of time can not exceed Rs.50,000/-.
  3. Payment Transaction Processing

    3.a. For Customers

    This application facilitates the customers to send money to beneficiery Bank Account (Domestic Money Transfer Service with strict compliance to DMTS rules), send money to another XPAY Account, payment towards services availed from the Company other than DMTS (Ticketing & Forex Booking) and for Merchant payments. Merchant payment includes payment towards purchase of goods & services and settlement of utility bills/ essential services viz. electricity bills, water bills, telephone/mobile phone bills, insurance premium, cooking gas payments, rental for internet/Broadband connections, Cable/DTH subscription and Citizen services by Government or Government bodies. Merchant payment is possible only where such Merchant is XPAY enabled. All transactions can be processed through this application with GPRS connection. Customers/Merchants are also able to transact through Company’s website using the User ID & MPIN provided. By signing into this application, Customer authorizes the Issuer to charge or debit to Buyer’s Payment Instrument as necessary to complete processing of a Payment Transaction. Note – Customer acknowledge and agree that the Merchant payments are towards the purchases of Products/services or utility payments between the Customer and the Merchant and not with the Company/XPAY. Company/XPAY is not a party to the purchase of Products/Services and Company/XPAY is not a buyer or a Merchant in connection with any Payment Transaction, unless expressly designated as such in the listing of the Product.

    3.b. For Merchants

    Merchants may view their last five transactions in the Balance Report in this application. Daily business collection will be credited to merchant’s bank account on the next day if the amount due is Rs.1000/- or above, or else as per merchant request. For security reasons no SMS will be send for any transaction or for loading confirmation. Note – XPAY may delay payment processing of suspicious transactions/ transactions which may involve fraud, misconduct, or violate applicable law, or other applicable XPAY policies, as determined in XPAY’s sole and absolute discretion.
  4. No Endorsement of ProductsUAE Exchange don’t endorse the quality/ merchantability of the goods/service, you opt to thus purchase/avail using XPAY.
  5. Permissible Payment TransactionsYou may use XPAY Application/Site solely for processing Payment Transaction towards purchase of goods /services and utility bills/essential services that is purchased from a Merchant through a legitimate, bonafide sale of the Product or Domestic Money Transfer Service. XPAY services can not be used for cross boarder transactions. XPAY must not be used to receive cash advances from Merchants or to facilitate the purchase of cash equivalents (travelers cheques, prepaid cards, money orders, etc.). XPAY services shall not be used to process Payment Transactions in connection with the sale or exchange of any illegal goods or services or any other underlying illegal transaction. In particular, you shall not use XPAY or process Payment Transactions in connection with the sale/purchase of goods or services, or other remittances that are prohibited & against the law of the land. Company reserves the right to suspend or terminate your use of XPAY, in the event of non compliance of the above.
  6. Buyer Responsibility for TaxesPayment of any applicable taxes (if any) arising from the use of XPAY is customer’s responsibility. Customer hereby agrees to comply with all the applicable tax laws, including the reporting and payment of any taxes arising in connection with Payment Transactions.
  7. Validity, Refunds & RedemptionsXPAY Registration shall be valid for a period of one year from date of successful registration and can be renewed thereafter by giving instruction for renewal through this application or directly by visiting the nearest branch. All Payment Transactions processed through the XPAY are non-refundable to the customer and are non-reversible by Buyer through the XPAY. The loaded amount is interest free & redeemable only if the scheme is wound up as per RBI guidelines.
  8. Limitations on the Use of ServiceIssuer may establish general practices and limits concerning the use of XPAY, including without limiting individual or aggregate transaction limits on the rupee amount or number of Payment Transactions during any specified time period(s), in accordance with the guidelines of the Reserve Bank of India. We do not warrant that the functions contained in XPAY will be uninterrupted or error free and we shall not be responsible for any service interruptions (including, but not limited to, power outages, system failures, mobile errors or other interruptions that may affect the receipt, processing, acceptance, completion or settlement of Payment Transactions).
  9. Issuer Not A Banking InstitutionIssuer processes Payment Transactions on behalf of Merchants. Issuer is not a bank. Funds held by the Issuer in connection with the processing of XPAY Payment Transactions are not deposit obligations of the customer and are not insured for the benefit of customers by any governmental agency. Such funds are interest free and are maintained only for making payments to the participating merchants. No loan is permissible against such deposits.
  10. Termination of ServiceIssuer may, in our sole and absolute discretion without liability to you or any third party, terminate your use of XPAY for any reason, including serious breach/violation of any Terms & Conditions. Upon termination, we have the right to prohibit your access to XPAY until the breach/ violation is sorted out to the satisfaction of Issuer and regulatory authorities.
  11. Unclaimed PropertyIf issuer is holding funds due to customer/merchant arising from a Payment Transaction processed through XPAY or otherwise, and the Company is unable to contact concerned customer/merchant and have no record of their use of XPAY for several years, applicable law may require the Company to report these funds as unclaimed property. In such events, the Company will try its best to locate such customer/merchant at the address provided at the time of registration/last updated address. But if unable to locate, Company may be required to deliver any such funds to the applicable state as unclaimed property. Company reserves the right to deduct a dormancy fee or other administrative charges from such unclaimed funds, as permitted by applicable law.
  12. PrivacyCustomer understand and agree that personal information provided to the Company via this application is subject to the XPAY Privacy Policy.
  13. Intellectual PropertyThis application & XPAY are the sole and exclusive property of the Company. Company retains all right, title and interest (including all copyright, trademark, patent, trade secrets, and all other intellectual property rights) of the Site & XPAY. The Site & XPAY is protected by copyright, trademark, patent, trade secrets, unfair competition, and other laws of worldwide, through the application of local laws or international treaties. Any unauthorized use, reproduction or modification of this Site may violate such laws. Customer/Merchant shall immediately bring to the notice of the Issuer, all matters regarding infringement and/or misuse of the same, within their knowledge & information.
  14. Use of Electronic CommunicationsIssuer may communicate with customer regarding XPAY or other Services of the Issuer by means of electronic communications, including (a) sending electronic mail/text message to the email address/Mobile Number provided by customer at the time of registration, or (b) posting notices or communications on XPAY Web Site and such communications will be deemed to be received by the customer. Customer will keep themself updated with such communications hosted in www.xpayindia.com site and call toll free no 1800 2002 123 for any clarification/information.
  15. Severability AssignmentThe failure of XPAY to exercise or enforce any right or provision of the Terms shall not constitute a waiver of such right or provision. If any provision of these Terms shall be adjudged by any court of competent jurisdiction to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary so that these Terms of XPAY shall otherwise remain in full force and effect and remain enforceable between the parties. Headings are for reference purposes only and in no way define, limit, construe or describe the scope or extent of such section.
  16. IndemnificationCustomer agree to indemnify, defend and hold harmless Issuer and its affiliates, and its and their directors, managers, officers, owners, agents (collectively “e;Indemnified Parties”e;) from and against any and all claims, demands, causes of action, debt or liability, including reasonable attorneys fees, including without limitation attorneys fees and costs incurred by the Indemnified Parties arising out of, related to, or which may arise from: (i) their use of the XPAY Service; (ii) any breach or non-compliance by them of any terms or any of XPAY’s policies; (iii) any dispute or litigation caused by their actions, commission or omissions; or (iv) your negligence/violation of any law or rights of a third party. It shall be the sole responsibility of the customer to safe keep the security keys (User ID & MPIN) provided by the Company. Customer shall be solely responsible and liable for any loss caused to him due to theft of mobile/any device (wherein the application is saved and operated) or use of your account by any unauthorised person (on ground of negligence or otherwise) and shall keep the Company indemnified against any claims/proceedings. Upon any theft/loss of the mobile or suspected unauthorised use, Customer should immediately take steps to block the XPAY account by calling the customer care number of the Company or by visiting any branch.
  18. Limitations of Liability; Force MajeureTO THE FULLEST EXTENT PERMISSIBLE BY LAW, IN NO EVENT SHALL ISSUER BE RESPONSIBLE OR LIABLE TO BUYER OR ANY THIRD PARTY UNDER ANY CIRCUMSTANCES FOR ANY INDIRECT, CONSEQUENTIAL, SPECIAL, PUNITIVE OR EXEMPLARY, DAMAGES OR LOSSES, INCLUDING BUT NOT LIMITED TO DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES WHICH MAY BE INCURRED IN CONNECTION WITH ANY XPAY SERVICE, OR ANY GOODS, SERVICES, OR INFORMATION PURCHASED, RECEIVED, SOLD, OR PAID FOR BY WAY OF THE SERVICE, REGARDLESS OF THE TYPE OF CLAIM OR THE NATURE OF THE CAUSE OF ACTION, EVEN IF THE ISSUER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE OR LOSS. IN NO EVENT SHALL THE ISSUERS TOTAL CUMULATIVE LIABILITY ARISING FROM OR RELATING TO XPAY EXCEED THE NET FEES XPAY HAS ACTUALLY RECEIVED AND RETAINED FROM THE BUYER’S VALID PAYMENT TRANSACTIONS DURING THE THREE MONTH PERIOD IMMEDIATELY PRECEDING THE DATE OF THE CLAIM. Each party acknowledges that the other party has entered into these Terms of Service relying on the limitations of liability stated herein and that those limitations are an essential basis of the bargain between the parties. In addition to and without limiting any of the foregoing, Issuer shall not have any liability for any failure or delay resulting from any condition beyond the reasonable control of the Issuer, including but not limited to governmental action or acts of terrorism, earthquake, fire, flood, labor conditions, power failures and Internet disturbances.Company is not liable for the internet access device or password obtaining device used by the Customer (such as Computer or mobile phones, etc.) or proper functioning of its hardwarreor software before, during or after the use of XPAY application/site. Company will not take the liability for any virus or unlawful downloads that Customer system may be exposed to while accessing the internet for using the application/site.
  19. Insolvency PolicyIn any event Company initiates insolvency petition, Company shall give due intimation to PPI holders to do balance transfers to beneficieries. In which absence/otherwise, all escrow balances/methodology/quantum of compensations (if any) will be apportioned to creditors as per the order of the court.
  20. AssignmentThe Company may assign its rights and obligations herein to its affiliates/third party entity in connection with a merger, takeover or the transfer of all or substantially all of the business and assets. Except as provided above in this clause, the Comapany may assign its rights and obligations under this Agreement to a third party and an intimation to this effect shall be made to the customer/merchant within one month of such assignment.
  21. Governing LawThis Agreement shall be governed by and construed in accordance with the laws of India.
  22. DisputesXPAY may provide various tools to assist Customers in communicating with each other to resolve a dispute that may arise between Buyers and Merchants with respect to XPAY transaction. Customer agree that you will not involve XPAY in any litigation or other dispute arising out of or related to any transaction or arrangement purely between the customer and the Merchant, advertiser or other third party. If you attempt to do so, (i) you shall pay all costs and attorneys fees of Issuer and shall provide indemnification as set forth below, and (ii) the jurisdiction for any such litigation or dispute shall be limited as set forth below. Any dispute/ controversy arising out or in connection with XPAY shall be referred to an arbitrator appointed by the Issuer as per the Arbitration & Conciliation act, 1996 & its amendments (if any) & will be subject to the jurisdiction of courts at Kochi, Kerala, India.
Headings to the Clauses of this Agreement are inserted for convenience only and shall not affect the construction or interpretation of this Agreement.

Refund Policy- Bill Desk Payment Gateway Transactions

  • If the Customer leaves the UAE EXCHANGE before they complete their service period, there shall be no entitlement to a refund of paid service fees.
  • Refunds, if applicable, at the discretion of the Management, will only be made to the debit/credit card used for the original transaction. For the avoidance of doubt nothing in this Policy shall require the UAE EXCHANGE to refund the Fees (or part thereof) unless such Fees (or part thereof) have previously been paid.

DND Policy

If you wish to stop any further sms/email alerts/contacts from our side, all you need to do is to send an email:- aoxpay@uaeexchange.co.in with your mobile numbers and you will be excluded from the alerts list.